1,250 karma · joined October 25, 2009
Successful startup outcomes and solvency in the incubator world are not correlated well. The companies that are selected are carefully directed through a maze of expensive professional services controlled by the program directors. The bargain becomes... if you use this lawyer, this PR consultant and this accounting firm we will support you. What this means is that every failed startup isn't really a failure because in the end that company spends all their money paying off the incubator's network. It's an engine of corruption that takes advantage of people and companies that can least afford it. Whether they create any real startup success is not especially relevant to their continued survival, it's just a bonus.
Many incubator programs also tends to select for people who are very well behaved, polite and have simple A to B ideas. True disruptive innovation is usually created by disruptive people who have very big ideas.
I don't think incubators really intend to hurt founders or the market, but they do.
"...this idea seems like a solid game plan for Blackberry? They could rename their company "Black" ala P-Diddy v just Diddy. :)" Got the name right, wrong company. Nobody is perfect.
The idea that a life is worthless or wasted if you make less money is beyond flawed. It is the most american/capitalist/rewarding thing to make a go of building something of your own.
Being a wall street banker has virtually no social utility. Airbnb and Dropbox improve the collective productivity of society and make real markets in the case of Airbnb. If it takes hundreds of people and millions of dollars failing in an effort to make a few big winners so be it, and when Yc makes money in the process they deserve it. They are taking REAL risk, and it seems the people who emerge from their program are better for it even if their dreams don't all come true.
Finally, the girl next to him is an important part of this little story. Women love men who are passionate, who are alive and who take risks. If all of society fell apart I'd much rather be with a bunch of hackers than bankers, the hackers are creative, passionate, loving and ruthless when necessary. Women understand this and they they love it... because they know they are always safe with a man who can build something. They'd rather eat Mac & Cheese with a man who puts up a good fight before kneeling down THE MAN... or maybe never has to kneel at all.